Fractional ownership means that you share the full ownership of a property with other co-owners and is as much an asset as a traditional Italian house purchase.
Pinelli estate entrance

Fractional Ownership Property In Italy

Fractional or Collective ownership means that you share the full ownership of a property with other co-owners. This could be other members of your family or friends, but in most cases this will simply be other investors of the Collective Ownership Property. You own the building as if it were your own - just shared rather than the whole. This makes it as much an asset as a traditional purchase, but without the worries of property management when you are not there.

The ownership is defined, as with any other property, by the title deed. This is owned by a single entity such as a Limited Company. The shares in this entity are divided equally between the owners - which are referred to as fractions - typically 10 of them. This gives you the right to stay exclusively in your property for the corresponding part of the year - in this case 5 weeks. As you own a share(s) in the company, you can of course sell your share whenever you want.

The property will be managed by a company established by the developer but funded by the Collective Owners who are free to choose who manages the property. Each fractional owner contributes to an annual maintenance fund. Good management is a key aspect of Collective Ownership.

Over many years Realpoint have built up a reputation for quality service in the sales of properties and we continue to provide this service in the Fractional / Collective Ownership world by ensuring we only deliver properties that meet our client's expectations.

Below you will find some background to the fractional ownership market, how it has come to fruition in Italy and discover one of the best properties we have seen - the Pinelli Estate.

History

Fractional ownership Pinelli Estateright

In the US, fractional ownership has been around for over 20 years, and has been used for both condo-hotels, villas, but also for private jets and yachts. This makes a lot of sense - why have the hassle of full ownership with all the costs of maintenance when you only use something for a few weeks per year.

In Europe this concept has been slow to gain acceptance but in the last few years the interest has increased dramatically. Fractional or Collective ownership is the fastest growing segment of the property market and is rapidly catching on in Italy, Spain, France and Portugal, in fact throughout Europe. The association with timeshare is not justified - with timeshare you own nothing - you just have access to a property for a limited number of years. With a Collective Ownership Property you are a named shareholder of the company that owns the property. Your share can be sold at any point in the future of can be gifted in a will to family members.

In order to equitably manage a the property between owners, there have to be rules for sharing access to the property. This is invariably achieved using a rotating calendar so that you always get a fair share of both the peak seasons and off-peak seasons. Fractions can vary but the usual model is 1/10, which will allow for 2 weeks per year for annual maintenance.

Why Collective Ownership makes sense in Italy

Fractional ownership Pinelli EstateItaly, along with much of Europe, is embracing this way of buying property. Developers see this as a new alternative to the traditional model of build & sell, and also find that there is much more interest from buyers because of the additional services provided which are so important for the property to be successful.

Italian property lends itself to this model in two ways. Firstly, there are numerous high-value properties on the market which only appeal to a few very affluent individuals. With this method of  ownership you can buy into a whole property on a shared basis, and have exclusive weeks at a luxury property depending on the number of shares you own.  

Secondly there are resorts with lots of facilities such as golf, wine-tasting, 24-hour concierge, pools, tennis, with a property on the Pinelli estate you even have access to a yacht!

Guide to Collectiove Ownership Property in Italy

As with buying anything, care should be taken that you fully understand what you are buying and the terms of your purchase. 

Read more about buying Fractional or Collective Ownership in Our Guide 

Here at Realpoint we have explored the various property offerings and have concluded that one stands out amongst the rest - the Pinelli Estate; read more below about why.

Fractional Properties

The Pinelli Estate

The Pinelli Estate extends to over 35 acres on rolling hillsides, at just over 300 metres elevation, facing  the Cilento National Park and the Tyrrhenian Sea, with Capri and the Amalfi Coastline on the horizon. 

Realpoint Property has been awarded the exclusive right to sell the three unique properties on the estate, nestled amongst the olive groves and lemon trees, each in total privacy from the other, above the historic town of Agropoli and just 90 minutes south of Naples and its international airport, and 40 minutes from the new Sorrento/Amalfi airport opening late 2020. 

For more details about the Pinelli Estate and buying a Fractional Ownership property there visit our dedicated web page.

Visit our specific web pages for more details (below) of these unique properties and how you can secure your slice of paradise.

Il Rifugio Fractional Ownership property at Pinelli Estate

Il Rifugio - the retreat
Casa Tramanto Fractional Ownership property at Pinelli Estate

Casa Tramonto - sunset house
Vila Velius Fractional Ownership property at Pinelli Estate

Vila Velius - the hidden gem

Press Comments

Advantages of Pinelli Estate Ownership

There are numerous advantages to buying a property at the Pinelli Estate, and here are just a few :

  • Economic sense - affordable ownership of some of the best property in Italy, at a fraction of whole ownership cost
  • Reduced running costs - pay only your share of the annual costs
  • Peace of mind - the property will be operated by a management company
  • Shares purchased are transferable and saleable 
  • Personalisation - the feeling that you actually own the whole property when you stay, with your own personal effects on display
  • Location - sea views, or the Cilento national park? You have both !

Contact Us


I would like to arrange a Pinelli Estate Discovery Trip
 

Your own Fractional Ownership Property

Due to high demand, we have been searching Italy to find the next fractional ownership properties for you. We recognise that the property has to meet all the criteria that you expect from us for your ideal Italian home, so it takes time to find that perfect property.

When we do find a suitable property we carry out an in-depth due diligence exercise on the property before we go ahead and add it to the fractional portfolio.

We want to keep you informed about these exciting new properties but of course until we have completed our due diligence and secured the property they are not available for purchase.

In order to avoid any disappointment, we have provided you with a means to register your interest with us - so that you can make sure that when the property comes on the market as a Fractional Ownership property then you will have first refusal. It costs nothing to register your interest, so take a look at the properties and just let us know using the "Register Interest" button on the property details pages.

Register your interest in future Fractional properties

 

And to give you an idea of the kind of properties we will be presenting as fractional ownership properties...

Fractional

Farmhouse - Tuscany (ITU29053)
Fractional

Masseria - Puglia (IPU27121)
Fractional

Liberty Villa - Piemonte (IPE6718)
RealPoint Property Ltd.
Registered in England and Wales.
Registered Number: 4753346

 

Web: www.realpointitaly.com
Beverley, East Yorkshire, UK
Tel: +44 (0)800 883 0460 (free call within UK, standard UK landline rates for international calls)


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